Group Offers $475 Million
For Most of Marvel's Assets

NEW YORK -- Marvel Entertainment Group Inc. late Tuesday said that its Chapter 11 trustee's financial adviser received a shareholder group proposal to buy most of Marvel's assets for $475 million.

The New York comic-book publisher and trading-card company said the proposed transaction is subject to several conditions, some of which may not be satisfied. Marvel has been in Chapter 11 bankruptcy protection for about one year.